G20 Urges U.S. Action on IMF Reforms by April

in 2014, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers
February 24th, 2014

GallagherInterPress Service
Kevin Gallagher, College of Arts & Sciences

The Group of 20 (G20) industrialised and emerging economies on Sunday formally expressed frustration with the ongoing inability of the United States to approve a major reform package that would see governance at the International Monetary Fund (IMF) shift more towards developing countries…

Expert quote:

“Given that the U.S. is a big part of the G20, it is no small victory that emerging market and developing countries were able to get IMF reform so formally prioritised. Such pressure is basically the US administration and the rest of the world against the U.S. Congress.”

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